News: Brokerage

YM/WREA honors Korren of Swig Equities and Himmel of Himmel + Meringoff

Two outstanding YM/WREA members were honored at the organization's "members only" luncheon on December 8th. The winner of this year's Young Real Estate Man of the Year award went to Todd Korren, senior vice president, director of commercial leasing, Swig Equities LLC, and Senior Real Estate Woman of the Year went to Leslie Wohlman Himmel, partner, Himmel + Meringoff Properties. Outgoing YM/WREA chairman Robert Fink presented Korren and Himmel with their respective awards. YM/WREA will hold their next luncheon on Tuesday, February 9. The guest speaker will be Mary Ann Tighe, Tri-State New York Region CEO at CB Richard Ellis Inc. Established in 1948, with a membership totaling approximately 400, YM/WREA promotes greater understanding and knowledge of the real estate industry among its constituents through its monthly luncheons and wide variety of philanthropic activities including New York Cares, Central Park Clean-Up Day, an Annual Blood Drive, among others, in addition to many social functions.
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Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.